Subject: Amendments to Canon VI – Financial Management

Moved By: The Rt. Rev. A. Tottenham Diocese of Toronto

Seconded By: The Rt. Rev. F. Hiltz Diocese of Nova Scotia & PEI.

Note: The mover and the seconder must be members of the General Synod and be present in the House when the resolution is before the synod for debate.

BE IT RESOLVED:

That this General Synod approve the amendments to Canon VI as approved by the Council of General Synod by deleting the scored portions and adding the underlined portions as shown on the attached copy of the Canon.

Section 5 should be amended by adding the words “and benefit plan funds” after the words “excluding pension funds”.

In section 6(d), line 2, add the words “monies received on account of” after the word “except”; delete the word “premiums” and add the words “and benefit plans” after the word “pension”.

EXPLANATORY NOTE/BACKGROUND INFORMATION:

Canon VI is the Canon of the Consolidated Trust Fund. The other funds which are under the management of the Pension Trustees, should be excluded from this Canon.

attachment (PDF format)